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EDGE Group signs tri-party defence agreement with Ukraine

Posted 15 February 2021 · Add Comment

EDGE, the UAE’s technology group for defence and beyond, has signed a tri-party strategic cooperation agreement with Ukrainian state-owned defence conglomerate UkrOboronProm, and Ukrspecexport, a Ukrainian state-owned arms trading company.

 

The agreement will enable the three entities to exchange and develop advanced technologies that could lead to over US$1 billion worth of investments.

 

Faisal Al Bannai, CEO and managing director of EDGE, Yuriy Husev, director general of UkrObornProm, and Vadym Nozdria, Director General of Ukrspecexport, inked the agreement in the presence of representatives from all parties. The signing took place at Emirates Palace, Abu Dhabi, United Arab Emirates.

 

Al Bannai said: “EDGE places a strong emphasis on joint development and collaboration. Signing this tri-party agreement demonstrates our intent to cooperate with leading international companies within the defence industry. We are excited about the opportunities for the UAE and Ukraine to collaborate, exchange, and mutually benefit from one another’s military and technical capabilities.”

 

Yuriy Husey said: “This strategic agreement is a result of our cooperation with EDGE Group, and is a significant step in joint development and cooperation between our sides. It is very symbolic that this agreement was signed during the official visit of the President of Ukraine to the UAE.”

 

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